The Pros and Cons of Bail Bonds: What You Need to Know
When you or a loved one is facing charges and awaiting trial, posting bail can be a great relief. But what happens when the bail amount is too high? This is where bail bonds come in, and they can be a lifesaver for those who cannot afford to pay the full amount of bail. However, bail bonds also come with their own set of pros and cons. Read on to learn about them.
Accessibility for Those Who Cannot Afford Bail
One of the most significant advantages of bail bonds is that they make bail payments accessible to those who would otherwise not be able to afford it. Rather than paying the entire bail sum, a bail bond company covers the cost as long as the defendant pays a percentage of the full amount. This allows many individuals to be released from jail and await trial from home rather than in a jail cell.
Speedy Release From Jail
A bail bond company can usually arrange for a speedy release of those who have been arrested and charged with an offense. This can be a relief to those facing charges as it allows them to return home to their families and work to prepare for their upcoming court dates.
Expertise in Legal Proceedings
Bail bond company agents have a better understanding of the legal system and the procedures involved in the bail process. They can guide the defendant and their families through the process, ensuring that all legal requirements are met to secure a release.
Non-refundable and Costly Fees
Bail bond fees are usually not refundable, meaning that even if the defendant is found not guilty or the charges dropped, the bail bond company will still keep the fee paid. Compared to bail paid in full, the fees charged on bail bonds can be expensive.
Responsibility of Payment
Once a bail bond is secured, the defendant has an obligation to pay the bail bond fee in addition to any other fees incurred through the legal process. This can be further compounded by the fact that should the defendant fail to appear in court; the bond company can pursue them for the full bond amount.
Anyone who co-signs for a bail bond is just as responsible for its payment as the defendant. In the event of non-payment, the co-signer could have their assets seized or face legal action.
Limited Choice of Bail Bond Companies
While there are countless options when it comes to bail bonds, some courts only work with certain bail bond companies, which can limit a defendant's options and even lead to higher fees.
For more info, contact a local company like Chad Lewis Bail Bonding.